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“BTS member Jin to begin mandatory military service on Dec. 13” Jin, the oldest member of the K-pop band BTS, will begin his mandatory military service on Dec. 13, South Korean newspaper Aju Business Daily reported on Thursday, citing unnamed military authorities. Jin, who turns 30 on Dec. 4, will be deployed to a unit after receiving…
” WEMIX token plunges 70% after it’s delisted by Korean exchanges “ South Korea’s largest crypto exchanges have announced they will delist WEMIX (WEMIX) — the native token of gaming company Wemade’s blockchain platform Wemix — alleging the firm provided “false information” in response to an investment warning it was issued. Bithumb, Upbeat, Coinone, Korbit…
” FTX collapse triggers second thoughts on Busan City’s crypto exchange plans “ The FTX crash appears to have affected not only companies and investors but also entire cities that previously became partners of the troubled cryptocurrency exchange. South Korea’s second-largest city, Busan, is reportedly reconsidering its plans to build a local crypto exchange as…
” The nightmare continues for Sam Bankman-Fried and FTX — Law Decoded, Nov. 14-21 “ As much as we all would want last week to be about something else, it was still all about FTX. The Supreme Court of the Bahamas has approved two provisional liquidators from PricewaterhouseCoopers to oversee the assets of the crypto…
” South Korea investigates crypto exchanges for listing native tokens “ Native cryptocurrencies turned out to be the biggest factor contributing to the demise of numerous exchanges and ecosystems this year, most recently during the FTX collapse. Korea’s financial authority, Korea Financial Intelligence Unit (KoFIU), took notice of the same as it launched a probe…
“Man shot, robbed in Los Angeles may have ties to Korean royal family: report” A man who was shot and robbed on Friday in Los Angeles’s Koreatown may have had ties to a Korean royal family member. The shooting occurred around 4:20 p.m. outside the luxury Kurve apartment complex. The LAPD said two male suspects fled the…
” NFT trademark filings grow in 2022: Nifty Newsletter, Nov. 2–8 “ In this week’s newsletter, read about how trademark applications for nonfungible tokens (NFTs) and the metaverse have grown in the United States. Check out how NFT marketplace OpenSea has launched a tool that can enforce NFT royalties on-chain and how the Chinese city…
” South Korean regulators aim to toughen crypto fraud punishments “ In the aftermath of the Terra collapse last spring, South Korean legislators intend to ramp up legislation, putting specific emphasis on the protection of investors in virtual assets — i.e. digital currencies — and harshening penalties for unfair trade acts in the industry. According…
” Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31 “ The first full week under the leadership of the newly-elected Prime Minister Rishi Sunak saw a major landmark for crypto regulation in the United Kingdom. The Financial Services and Markets Bill, made public on Oct. 25, aims to enhance the U.K.’s…
” Key witness called to testify at Terra parliamentary inquiry is a no-show “ The CEO of venture capital firm Hashed and early Terra (LUNC) investor Kim Seo-joon has cited “extreme stress” following the Terra crash as the reason for his no-show at South Korea’s National Assembly’s Political Affairs Committee. Seo-joon was one of six…